An issue related to drawstrings has resulted in Bon-Ton Stores agreeing to pay a civil penalty in the amount of $450,000. The U.S. Consumer Product Safety Commission alleges that the fashion retailer knowingly failed to report to the commission that its children's hooded jackets and sweatshirts were sold with drawstrings through the hood. The penalty agreement has been provisionally accepted by the commission in a 3-0 vote....
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Amazon Not Slowed by Sales Taxes
December 13, 2012
From Retail Wire
It's long been argued by retailers operating brick-and-mortar stores in states where Amazon.com doesn't collect sales taxes that the e-tailing giant has an unfair advantage because consumers can save money by purchasing online. But a funny thing has happened as more states work out deals for Amazon to collect sales taxes — the company continues to grow.
Best Buy to Pay $27 Million to Tech Startup for Misuse of its Trade Secrets
December 6, 2012
A California jury has awarded TechForward $22 million in damages for the improper use of its trade secrets by Best Buy and two of its subsidiaries relating to TechForward's Guaranteed Buyback Program. The jury determined that Best Buy's conduct was willful and malicious. The court also awarded TechForward an additional $5 million in punitive damages.